Suriname: Trade Sector Policy Note

This paper provides an overview of Suriname's trade sector and, based on an assessment of the sector's performance, presents policy recommendations, so that becomes a useful tool for improving the country's economic growth and development prospects. The paper suggests that Suriname's primary objective in this area should be to maximize the benefits and mitigate the costs of trade liberalization. To achieve this, the country should focus on eight strategic areas related to trade: defining and adopting a trade strategy, strengthening trade-related institutions, improving public-private sector coordination, enhancing the regulatory framework, improving the quality and coverage of statistics, expanding access for Surinamese products in international markets, boosting domestic supply conditions, and supporting export diversification.